Zurich Insurance Group Ltd FI Decreases Stake in Brixmor Property Group Inc. (NYSE:BRX)

Zurich Insurance Group Ltd FI decreased its stake in shares of Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 32.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,112,769 shares of the real estate investment trust's stock after selling 992,003 shares during the quarter. Zurich Insurance Group Ltd FI owned about 0.70% of Brixmor Property Group worth $58,819,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of the stock. US Bancorp DE grew its position in shares of Brixmor Property Group by 5.3% during the 4th quarter. US Bancorp DE now owns 8,064 shares of the real estate investment trust's stock worth $225,000 after buying an additional 405 shares during the period. Oregon Public Employees Retirement Fund grew its position in shares of Brixmor Property Group by 0.7% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 61,435 shares of the real estate investment trust's stock worth $1,710,000 after buying an additional 434 shares during the period. Janney Montgomery Scott LLC grew its position in shares of Brixmor Property Group by 5.3% during the 4th quarter. Janney Montgomery Scott LLC now owns 8,761 shares of the real estate investment trust's stock worth $244,000 after buying an additional 441 shares during the period. CIBC Asset Management Inc lifted its holdings in shares of Brixmor Property Group by 5.8% in the 4th quarter. CIBC Asset Management Inc now owns 9,363 shares of the real estate investment trust's stock worth $261,000 after purchasing an additional 511 shares in the last quarter. Finally, Smartleaf Asset Management LLC lifted its holdings in shares of Brixmor Property Group by 124.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 938 shares of the real estate investment trust's stock worth $26,000 after purchasing an additional 521 shares in the last quarter. Institutional investors and hedge funds own 98.43% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Scotiabank cut their target price on Brixmor Property Group from $30.00 to $29.00 and set a "sector outperform" rating on the stock in a report on Monday, May 12th. Mizuho cut their target price on Brixmor Property Group from $31.00 to $29.00 and set a "neutral" rating on the stock in a report on Tuesday, February 25th. Evercore ISI upgraded Brixmor Property Group from an "in-line" rating to an "outperform" rating and set a $31.00 target price on the stock in a report on Tuesday, February 11th. Wells Fargo & Company cut their target price on Brixmor Property Group from $27.00 to $26.00 and set an "equal weight" rating on the stock in a report on Wednesday, March 26th. Finally, Jefferies Financial Group upgraded Brixmor Property Group from a "hold" rating to a "buy" rating and increased their target price for the stock from $28.00 to $33.00 in a report on Friday, February 14th. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, Brixmor Property Group has a consensus rating of "Moderate Buy" and a consensus price target of $30.40.

Brixmor Property Group Stock Down 0.8%

NYSE:BRX traded down $0.19 during trading hours on Friday, hitting $24.64. 2,321,620 shares of the company traded hands, compared to its average volume of 2,228,719. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 1.79. The firm's 50-day simple moving average is $25.38 and its 200-day simple moving average is $26.85. Brixmor Property Group Inc. has a one year low of $21.32 and a one year high of $30.67. The company has a market cap of $7.54 billion, a PE ratio of 22.20, a PEG ratio of 2.66 and a beta of 1.25.

Brixmor Property Group (NYSE:BRX - Get Free Report) last issued its quarterly earnings data on Monday, April 28th. The real estate investment trust reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.01. Brixmor Property Group had a return on equity of 11.72% and a net margin of 26.40%. The business had revenue of $337.51 million for the quarter, compared to analysts' expectations of $329.81 million. During the same period last year, the business earned $0.54 EPS. The business's revenue was up 5.4% on a year-over-year basis. Equities analysts predict that Brixmor Property Group Inc. will post 2.22 earnings per share for the current year.

Brixmor Property Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Wednesday, July 2nd will be given a dividend of $0.2875 per share. This represents a $1.15 annualized dividend and a dividend yield of 4.67%. The ex-dividend date is Wednesday, July 2nd. Brixmor Property Group's dividend payout ratio is presently 109.52%.

Brixmor Property Group Company Profile

Brixmor Property Group, Inc operates as a real estate investment trust, which engages in owning and operating a portfolio of grocery anchored community and neighborhood shopping centers. The company was founded in 1985 and is headquartered in New York, NY.